SANFORD — A plan to convert a large textile mill on Emery Street to apartments and commercial space is still in the works, but the project did not make the latest list of ones approved for federal Low Income Housing Tax Credits by the Maine State Housing Authority (MSHA).

“The Loft at No. 4 Mill,” which is being developed by Brady Sullivan Properties, was one of 19 projects submitted to MSHA in October, but only six of the 19 projects were approved for federal Low Income Housing Tax Credits.

“We continue to work with Brady Sullivan to help them come up with a financing package,” said Deborah Turcotte, public information manager for MaineHousing.

Turcotte said the application was withdrawn because it was incomplete, but the developers continue to work with MSHA on the project.

The Maine State Housing Authority announced in December that six affordable housing projects in the state will receive a share of $2.9 million in tax credits, which will help leverage approximately $25 million in private investment into Maine. The projects are in Lewiston, South Portland, Portland, Saco and Biddeford.

Interest in the LIHTC program was high, according to a MSHA news release. The 19 applications to build or rehabilitate 870 units requested a total request of $9.8 million in low income housing tax credits. That exceeded the available amount of credits by $7.2 million.

The Sanford project includes 142 one-, two- and three-bedroom apartments on the upper levels and business/commercial space on the lower level.

The 285,000-square-foot mill building is on a 12-acre site and is owned by Stone & Stone, LLC, of Greenland, N.H. The company’s principal, Eric Stone, purchased the mill in 2004 and planned to redevelop it. Stone has replaced a freight elevator with a new passenger elevator and upgraded a second freight elevator, among other improvements.

The Loft at No. 4 Mill is Brady Sullivan Properties’ first foray into Maine, but the company has residential and commercial properties in New Hampshire, Massachusetts, Rhode Island and Florida.

Restoring and converting old mills is the company’s specialty, said Brady Sullivan Properties Acquisition & Development Consultant Ron DeCola.

The town council approved an extension of a contract zone agreement with the developer last month. The extension gives Brady Sullivan an additional 180 days to seek tax credits from MSHA for the project.